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Could future coins change in size/composition?
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<p>[QUOTE="Michael K, post: 3902629, member: 78298"]If you change the size, shape or metal content, too many machines would have to be refitted (tolls etc.) for the new coins, so that's not happening.</p><p>As for the US Mint losing money on pennies and nickels, if their purpose is to furnish us with coins, why is profit their motive? It's not a private business.</p><p>And again, each penny and nickel is used many thousands of times in transactions</p><p>so they really aren't losing "money" at all because it's not as if each penny and nickel are designed for 1 time only transaction.</p><p>The tiny amount of loss in the manufacture of pennies and nickels is not even one grain of sand compared to the national debt which we will never pay off. The ridiculous cost and interest we have to pay for our paper currency, and the egregious over spending compared to the amount of money our government takes in. If you or I had that same pattern of fiscal irresponsibility we would be sued by the credit card companies and be forced to declare bankruptcy. If this piddling amount caused by the penny and nickel-gate fiasco is such a concern, they can just stop producing these coins as they are unnecessary in day to day commerce.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3902629, member: 78298"]If you change the size, shape or metal content, too many machines would have to be refitted (tolls etc.) for the new coins, so that's not happening. As for the US Mint losing money on pennies and nickels, if their purpose is to furnish us with coins, why is profit their motive? It's not a private business. And again, each penny and nickel is used many thousands of times in transactions so they really aren't losing "money" at all because it's not as if each penny and nickel are designed for 1 time only transaction. The tiny amount of loss in the manufacture of pennies and nickels is not even one grain of sand compared to the national debt which we will never pay off. The ridiculous cost and interest we have to pay for our paper currency, and the egregious over spending compared to the amount of money our government takes in. If you or I had that same pattern of fiscal irresponsibility we would be sued by the credit card companies and be forced to declare bankruptcy. If this piddling amount caused by the penny and nickel-gate fiasco is such a concern, they can just stop producing these coins as they are unnecessary in day to day commerce.[/QUOTE]
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Could future coins change in size/composition?
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